Evening Market Wrap

Evening Market Wrap Wednesday, October 26, 2011, 17:06 Contents Commentary Economic News Corporate News Political News Commentary Stocks Close Mostly Higher On Headlines Out Of Europe - U.S. Commentary After seeing considerable volatility throughout morning trading on Wednesday, stocks moved mostly higher over the course of the trading day. The markets benefited from a positive reaction to the latest headlines out of Europe. (Oct 26, 2011) Full Article Economic News U.S. Durable Goods Orders Fall Less Than Expected In September Orders for U.S. manufactured durable goods showed a notable decrease in the month of September, according to figures released Wednesday by the Commerce Department, although the decrease was largely due to weakness in the volatile transportation sector. The report showed that new orders for manufactured durable goods fell by $1.5 billion or 0.8 percent in September to $200.3 billion. The decrease followed a 0.1 percent drop in August. (Oct 26, 2011) Full Article U.S. New Home Sales Rise More Than Expected In September Sales of new homes in the U.S. came in stronger than expected in September, according to figures released Wednesday by the Commerce Department. On a seasonally adjusted basis, new home sales in September came in at an annual rate of 313,000, a 5.7 percent increase from the revised August rate of 296,000. Most economists had predicted a rebound from August's nine-month low, but the consensus estimate called for a 302,000 rate of new sales. (Oct 26, 2011) Full Article Corporate News Nokia Reveals Lumia 800 Nokia Corp. (NOK) unveiled a bold portfolio of innovative phones, services and accessories, including its first smartphones in its Windows Phone-based Nokia Lumia range, named Lumia 800. Chief Executive Stephen Elop presented the phone in a keynote speech at Nokia World event in London. The estimated retail price for the Nokia Lumia 800 would be about 420 euros, excluding taxes and subsidies. (Oct 26, 2011) Full Article GlaxoSmithKline Q3 Profit Grows GlaxoSmithKline plc's (GSK, GSK.L) third-quarter profit attributable to shareholders increased to 1.38 billion pounds from 1.29 billion pounds a year earlier. Pre-tax profit for the period was 1.94 billion pounds compared with last year's 1.80 billion pounds. (Oct 26, 2011) Full Article ConocoPhillips Q3 Net Profit Slides ConocoPhillips (COP) posted a decrease in its third-quarter earnings to $2.6 billion or $1.91 per share from last year's $3.1 billion or $2.05 per share. However, third-quarter adjusted earnings rose to $3.5 billion or $2.52 per share from $2.2 billion or $1.50 per share a year earlier, due mainly to the impact of higher commodity prices and global refining margins, partially offset by the absence of equity earnings from LUKOIL, higher taxes and lower production volumes. (Oct 26, 2011) Full Article Political News Poll Shows Obama Leading Potential Republican Challengers In Ohio While a majority of Ohio voters disapprove of the way Barack Obama is handling his job as President, the results of a Quinnipiac University poll released on Wednesday showed that Obama still leads his potential Republican challengers in the key swing state. The poll showed that 51 percent of Ohio voters disapprove of Obama's job performance compared to 43 percent that approve. (Oct 26, 2011) Full Article Home | Top Stories | Breaking News | Economic News | Forex | Politics | Featured Interviews Sent to autoforextradingpro@gmail.com | Customize your alerts | Unsubscribe Copyright © 2011 RTTNews. All rights reserved. By using this service, you agree to the Terms of Service